Trading Tech
Arcontech API Speeds Processing
UK-based data technology vendor Arcontech has released a new Application Program Interface (API) that will allow users to develop latency-sensitive applications using the Microsoft .Net programming language that draw real-time data from the vendor's…
Majority of Options Trading Automated by 2010
NEW YORK-In two years, over 60 percent of buy-side trades in U.S. equities options will be executed through low-touch channels, according to a recent white paper published by research firm Tabb Group.
Logicscope, NCI Enter STP Pact
LONDON-Post-trade technology vendors Logicscope and NCI have entered into an agreement to integrate elements of both vendors' platforms to release a trade notification solution to end-user clients of banks, brokers and trading platforms.
Mitsubishi Takes BlueBox Algos Live
TOKYO & LONDON-Mitsubishi UFJ Securities (MUS) has completed the initial phase of its algorithmic execution service based on Fidessa's algorithmic trading platform, BlueBox, vendor officials say.
Nordic Growth Market Trading Halted
STOCKHOLM-The 75-minute trade interruption on the Nordic Growth Market (NGM)-an exchange for growth companies in the Nordic region-that took place on Feb. 19 has been attributed to human error from the previous night, say exchange officials.
Intel Readies Nehalem Processor Line
NEW YORK-Following the release of its Penryn family of processors, Intel plans to debut new processor technology in the second half of this year, vendor officials tell DWT .
Pure Trading Upgrades FIX Gateway
TORONTO-Seeking to capture more liquidity from south of the border, Canadian alternative trading system (ATS) operator Pure Trading is in the midst of bring its FIX gateway closer to U.S. standards, and upgrading its trading engine, DWT has learned.
SGX Hits Exchange Update Milestone
SINGAPORE-Singapore Exchange (SGX) is in the process of implementing a series of new systems, several of which are from Nordic exchange operator and technology provider OMX Group, as part of a rolling five-year technology plan, say exchange officials.
A Matter of Principles
Since the E.U.'s Markets in Financial Instruments Directive (Mifid) took effect on Nov. 1, 2007, financial firms have been in a race to implement principles-based regulation in order to remain compliant and competitive.
Exegy Adds European Level 2 Data
St. Louis, MO-based vendor Exegy last week rolled out feed handlers for low- latency Level 2 data from European exchanges to its hardware ticker plant, in addition to existing handlers for European Level 1 data, and support for Level 2 data from US…
Xignite Adds Third-Party Integration
Web-based data provider Xignite last week formally launched its Splice platform for creating "mashup" data applications on the fly from different Web services without the need to hard-code dedicated applications.
Xasax Preps Direct Feed Network for Hedge Funds
Xasax, a Naples, Fla-based provider of data, proximity hosting and software, is preparing to roll out a hosted direct feed offering for North American markets, dubbed xsFeed, that will target high-frequency hedge funds and active trader users of trading…
Penson Readies Derivatives API
CHICAGO-Penson GHCO, the futures and derivatives clearing subsidiary of Penson Worldwide, will roll out a new applicaiton programming interface (API) with the ability to trade options on futures sometime in the second quarter, DWT has learned.
3Tera Adds Solaris Support
ALISO VIEJO, CALIF.-By the end of March, users of AppLogic platform, a grid operating system designed to enable utility computing for running and scaling Web applications from 3Tera, will be able to run Sun Microsystems Solaris-based applications, say…
NYSE shops in India
At press time, NYSE Euronext announced its purchase of a 5 percent equity stake in Indian commodity marketplace Multi Commodity Exchange (MCX).
Turquoise Selects AppLabs for Acceptance Testing
LONDON & PHILADELPHIA-Pan-European multilateral trading facility (MTF) Turquoise will be testing its new trading platform using offerings from software testing specialist AppLabs, say vendor officials.
Credit Suisse Expands FX Algos
LONDON-Swiss investment bank Credit Suisse plans to expand its trading algorithm offering in the near future, according to bank officials.
Illiquidity Dampens Institutional Options Trade
NEW YORK-Despite the introduction of automated trading tools like smart order routers and trading algorithms, buy-side traders are still demanding more liquidity in listed equity options before expanding further into the growing market.
Industry Unfazed by BlackBerry Outage
WATERLOO, ONTARIO-For the second time in 10 months, BlackBerry users experienced a partial service outage as Internet service was disrupted during the afternoon of Feb. 11.
SLA Dearth Holds Back SOAs
NEW YORK-The lack of service level agreements (SLAs) is keeping financial services firms from realizing the full potential of service-oriented architecture (SOA), say industry insiders.
Icap Opens EBS to ISVs
LONDON-Interdealer broker Icap is expanding access to electronic spot foreign exchange (FX) broking platform EBS by allowing selected independent third-party software vendors (ISVs) to write directly to its platform.
SunGard Preps First Infinity Client
NEW YORK-Financial services platform provider SunGard is on the cusp of signing its first deal with a large unnamed investment bank for its Infinity Process Platform, vendor officials tell DWT .